Steyn on the shutdown. “The conventional wisdom of the U.S. media is that Republicans are being grossly irresponsible not just to wave through another couple trillion or so on Washington’s overdraft facility.”

Kent Hance to retire as Texas Tech Chancellor. Hance’s political career is in many ways emblematic of the evolution of Texas politics, starting out as a conservative Democrat, elected to the state Senate in 1974, defeating George W. Bush for a U.S. congressional seat in 1978, played key roll in backing the Kemp-Roth tax cuts in 1981, narrowly losing the Democratic nomination for the U.S. Senate to Lloyd Doggett (who would then get stomped by Phil Gramm in the general election) in 1984, followed Gramm by switching to the Republican Party in 1985, losing the GOP Gubernatorial nomination to an un-retired Bill Clements in 1986, getting appointed to the Railroad Commission in 1987, winning re-election to it in 1988, and losing to Clayton Williams in the 1990 Republican Gubernatorial primary. He had a long, long career as a bridesmaid…

“This 20 year old has discovered Sex Is Awesome!!! and just wants us all to know that. Yeah Sugar-Tits we sort of know. We’ve been enjoying it for years, but without quite as much Noob Squeeing about it.”

Thomas Friedman hates the Keystone pipeline because the oil is dirty, but love China, where industry is a thousand time dirtier than here in the U.S. And where will that oil go if the pipeline isn’t built? China. Maybe Friedman just wants all the jobs to be in China. That, or actual checks from the Chinese government or their business subsidiaries, would explain an awful lot of Friedman’s writing over the last few years…

The degrees of broke-ness varies: from completely and utterly broke, like Greece or Italy; to wobbly, like the U.K., France, the U.S., or Japan; to getting poorer like Germany. But all of them are going to have to raise the percentage of gross domestic product they collect in tax — and many of them very significantly.

The U.S. deficit is more than 7% of GDP. The U.K.’s deficit is just as high. There is very little sign that spending cuts to close gaps of that magnitude are on the cards, nor is there any sign that growth will be sufficiently strong to make up the difference — certainly not in countries like the U.K. or Japan.

Huge sums of additional revenue will have to be raised.

Willie Sutton once famously remarked that he robbed banks because “that’s where the money is.”

In the same way, governments will look to raise more tax from companies because that’s where the money is.

Or they could, you know, actually cut spending…

I’ve not been following the Prenda Law case closely. Fortunately, Ken over at Popehat has. Exceptionally brief background: Scumbag copyright troll lawyers operate shakedown operation, filing dubious (at best) copyright infringement lawsuits. Then they compounded the problem by suing bloggers and lawyers in an attempt to silence them. As you might expect, that strategy isn’t working out very well for them… (Hat tip: Dwight)